NEW ZEALAND

Pike pain past for NZOG

NEW Zealand Oil & Gas has bounced back from the 2010 Pike River coal mine tragedy, recording a positive $NZ19.9 million ($A15.4 million) net profit for the June 2012 year, compared to the $NZ75.9 million after-tax loss of the previous financial year.

"It's a significant turnaround and reflects where the business is heading; the business has turned the corner," NZOG chief executive Andrew Knight said this morning, referring to the latest financial results....

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